Affordable Housing Crisis Reveals Urgent Need for New Construction of Multi-Family Units
The shortage of affordable accommodation, primarily rental units but also properties for purchase, has reached crisis levels in the U.S. This problem is commonly referred to as the affordable housing crisis.   According to a recent study commissioned by the National Apartment Association (NAA) and the National Multifamily Housing Council (NMHC,) no fewer than 4.3 million affordable apartments are needed by 2035.Â